Key Takeaways
- The recent strength in the US dollar (USD) has resulted in a material financial windfall for suppliers outside the US accepting USD payments.
- US-based companies making USD payments have an opportunity to ask foreign suppliers to reduce USD prices and share in their improved economics.
- Looking ahead, switching to foreign currency payments may be a more sustainable and cost-effective strategy.
Read article (PDF)
If you'd like to discuss your specific situation or for information regarding SVB’s global payments and FX services reach out to your SVB FX contact or GroupFXRiskAdvisory@svb.com.Learn more:
SVB’s latest FX information and commentary
Written by
Written by